Guilford Charter Development Inc

Analysis

Guilford Charter Development Inc is a registered charity in United States, based in Summerfield, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Guilford Charter Development Inc reported income of $8.6m and spending of $8.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $8.6m (+26%), an average of +5.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Guilford Charter Development Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Kaleidoscope Charter School ($8.6m), Basic Fund ($8.6m) and Link Community Charter School Inc ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $1.8m against liabilities of $1.7m, net assets of $70k.